AIG Announces Leadership Team
September 18 2014 - 4:29PM
Business Wire
Peter D. Hancock, President and Chief Executive Officer of
American International Group, Inc. (NYSE: AIG), announced today the
new leadership structure for the company, which is designed to
integrate the company and position it to deliver the full
capabilities of AIG to its approximately 90 million clients around
the world.
“There is one business and it’s AIG,” Mr. Hancock said. “We need
to focus as a leadership team on fundamental priorities and ensure
that we execute against those priorities in the most disciplined
way possible. While we have made enormous strides in improving the
way we balance growth, profitability, and risk, we have more to
do.
“Stated simply, we are steadfastly working toward the goal of
One AIG. We are committed to having the strongest balance sheet in
the industry, recognizing that we have learned that a federated
business model exposes us to the weakest link in the chain. As a
unified, global business, I firmly believe that this ensures we
apply a comprehensive enterprise set of standards that keeps our
risk appetite well within the capacity of our $100 billion capital
base.
“Our leadership team – through both its composition and its
operating practices – will be focused on making sure that we
develop and execute clear strategies to continue to earn high value
business, lower our expenses, devote capital to the right
opportunities, and advance trust in AIG with all of our
stakeholders,” Mr. Hancock concluded.
Reporting to Mr. Hancock and serving on the newly established
Operating Committee are the following individuals:
- Murli Buluswar, Chief Science
Officer
- William Dooley, Investments
- John Doyle, Commercial, including
global capabilities such as property; casualty; financial lines;
specialty lines; institutional markets; and mortgage guaranty
- Philip Fasano, Chief Information
Officer
- Jose Hernandez, Asia Pacific,
representing 16 countries and jurisdictions
- David Herzog, Chief Financial
Officer
- Kevin Hogan, Consumer, including
accident and health; personal lines; life insurance; retirement
income solutions, including variable, fixed, and indexed annuities;
group benefits; group retirement; and retail mutual funds
- Jeffrey Hurd, Human Resources,
Communications, and Administration
- Seraina Maag, Europe, Middle East, and
Africa, representing 47 countries
- Eric Martinez, Claims and
Operations
- Thomas Russo, General Counsel
- Sid Sankaran, Chief Risk Officer
- Robert Schimek, Americas, representing
29 countries and jurisdictions
“This team of leaders will work together to bring AIG’s talented
people closer to our customers, distribution partners, regulators,
and the communities where we live and work,” Mr. Hancock said. “I
am excited about the opportunities ahead of us, and I am confident
that we are positioned to capitalize on them with focus,
discipline, and integrity.”
American International Group, Inc. (AIG) is a leading
international insurance organization serving customers in more than
130 countries and jurisdictions. AIG companies serve commercial,
institutional, and individual customers through one of the most
extensive worldwide property-casualty networks of any insurer. In
addition, AIG companies are leading providers of life insurance and
retirement services in the United States. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock
Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig |Twitter: @AIGInsurance | LinkedIn:
http://www.linkedin.com/company/aig |
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
jurisdictions, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
AIGInvestors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorFernando Melon,
212-770-4630fernando.melon@aig.comorMedia:Jon Diat,
212-770-3505jon.diat@aig.com
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